MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — BillionToOne Inc. (BLLN) on Wednesday reported first-quarter net income of $18 million.
On a per-share basis, the Menlo Park, California-based company said it had profit of 34 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The developer of DNA molecular counting technology posted revenue of $108.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $95.8 million.
BillionToOne expects full-year revenue in the range of $450 million to $465 million.
BillionToOne shares have declined slightly since the beginning of the year.
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